Which of the following statements describes the primary purpose of a quit claim deed?
A. It releases whatever interest the grantor has in the property.
B. It is commonly used to convey fee simple interest.
C. It warrants the grantor's right of possession.
D. It is similar to special warranty deed.
Answer: A. It releases whatever interest the grantor has in the property.
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A seller of goods on credit required the buyer to obtain a surety to guarantee payment for the goods purchased. Which of the following defenses may the surety use to avoid payment?
I. The seller of the goods committed fraud against the buyer to induce him/her to buy the goods. II. The seller of the goods committed fraud against the surety to induce the surety to guarantee payment. A. I only. B. II only. C. Both I and II. D. Neither I nor II.
A Gantt chart is a project schedule that superimposes project activities on a time line
Indicate whether the statement is true or false